Joeben Bevirt Sells 250,000 Shares of Joby Aviation, Inc. (NYSE:JOBY) Stock

Joby Aviation, Inc. (NYSE:JOBY) CEO Joeben Bevirt sold 250,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the completion of the sale, the chief executive officer now owns 32,674,274 shares in the company, valued at $158,470,228.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joby Aviation Trading Up 5.9 %

JOBY opened at $5.94 on Friday. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $7.69. The company has a market cap of $4.21 billion, a PE ratio of -7.82 and a beta of 1.97. The company has a 50 day moving average of $5.21 and a 200 day moving average of $5.22.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.18). The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.28 million. During the same period last year, the company posted ($0.17) EPS. Research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JOBY. Canaccord Genuity Group reaffirmed a “buy” rating and set a $10.50 price objective on shares of Joby Aviation in a report on Friday. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Monday, September 30th.

Hedge Funds Weigh In On Joby Aviation

Several hedge funds have recently bought and sold shares of JOBY. Nisa Investment Advisors LLC boosted its stake in Joby Aviation by 216.3% during the second quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock valued at $44,000 after buying an additional 5,840 shares during the period. Integris Wealth Management LLC purchased a new stake in shares of Joby Aviation in the 2nd quarter valued at about $54,000. Dakota Wealth Management bought a new stake in shares of Joby Aviation during the 2nd quarter valued at about $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Joby Aviation during the second quarter worth about $57,000. Finally, Choreo LLC bought a new position in shares of Joby Aviation in the second quarter worth approximately $60,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.